Refer to the Iterated Function System Based on the Following $f ( n ) = \left\{ \begin{array} { l l } 3 n + 1 & \text { if } n \text { is odd } \\n / 2 & \text { if } n \text { is even }\end{array} \right.$

question 118

Essay

Refer to the iterated function system based on the following function to solve the questions
: $f ( n ) = \left\{ \begin{array} { l l } 3 n + 1 & \text { if } n \text { is odd } \\n / 2 & \text { if } n \text { is even }\end{array} \right.$
-If the first term of the sequence is $2 ^ { m }$ , what is term number $m + 1 ?$
A)1
B)2
C)4
D)6

• A)1
• B)2
• C)4
• D)6

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Definitions:

Risk-Averse

Describes individuals who choose to reduce risk when that reduction leaves the expected value of their income or wealth unchanged.

Income Curve

The income curve, in economics, typically relates to a graphical representation showing how a change in income affects consumption or purchasing patterns of individuals or households.

Expected Value

A statistical concept that calculates the average result of a random event when the process is repeated many times.

Double or Nothing

A gamble or risk in which a person has the chance to either double their money or lose it all.